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10/25/24, 9:39 AM Ministry of Economy and Federal Youth Authority organize Youth Circle to foster entrepreneurship culture among Emirati youth – B…
Ministry of Economy and Federal Youth Authority

organize Youth Circle to foster entrepreneurship

culture among Emirati youth

LATEST NEWS, NEWS October 12, 2024 News

The Ministry of Economy and the Federal Youth Authority organized a youth circle,
themed ‘Entrepreneurship and the Future: The Role of Youth in Shaping the New Economy,’ in the
presence of H.E Alia Bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship; and H.E
Sultan Al Neyadi, Minister of State for Youth. A number of Emirati youth and entrepreneurs
participated in the forum, which was aimed at fostering an entrepreneurship culture among the
Emirati youth and enabling entrepreneurs to overcome the challenges they face in the early stages
of startup growth. It shed light on the importance of Emiratization of technology and innovation in
supporting SMEs.
H.E Al Mazrouei emphasised that the UAE, thanks to its wise leadership’s vision, attaches great
significance to equipping youth with adequate skills in various future sectors, particularly economic
sectors and entrepreneurship. The country has launched multiple initiatives and policies that focus
on addressing these issues and ensuring opportunities and enablers to encourage the youth to
pursue innovative ventures and entrepreneurship.
“The Ministry of Economy is keen to strengthen cooperation with relevant stakeholders at the federal
and local levels to provide all technical and logistical support needed to enable the Emirati youth to
convert their innovative ideas into profitable businesses, thus contributing to the national economy’s
growth and prosperity. We strive to support them in integratiing modern technology into their
businesses and advance digital transformation by providing them with the necessary knowledge and
assistance in accessing international markets and improve the competitiveness of their business
regionally and globally,” she said.

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